Saturday, April 17, 2010

International Headlines

Date: Sat, Apr 17, 2010 at 8:01 PM
>TOP STORIES as of 0800 HKT -- 18 April, 2010

> VOLCANIC ASH CLOUD TRAVEL CHAOS CONTINUES
Icelandic volcano ash grounds another day of flights across
Europe, with no end in sight to global travel disruptions.

> POLES GATHER TO MOURN CRASH DEAD
Large crowds are expected in the Polish city of Krakow on
Saturday for a memorial service for the 96 victims of last
weekend's plane crash.

> DOZENS KILLED IN PAKISTAN CAMP BLASTS
Twenty-seven people were killed and 45 more injured in a suicide
attack Saturday at a refugee camp in northwest Pakistan,
officials said.

> DALAI LAMA SEEKS CHINA QUAKE ZONE VISIT
The Dalai Lama, the Tibetan Buddhist leader long exiled from
China, is seeking to visit the Tibetan region rocked by a deadly
earthquake this week.

> THAI PROTEST LEADERS TO SURRENDER
Leaders of Thailand's anti-government protests said Saturday
that they we would turn themselves in to police on May 15.

> HAITI DENIES CHARGES DROPPED
Charges have been dropped against nine of the American
missionaries held in Haiti earlier this year, according to a
spokesman for Idaho Sen. Jim Risch.

> CHILEAN EXEC FOUND DEAD IN CUBA
Chilean business executive Roberto Baudrand was found dead in
his Havana apartment on Tuesday, the Cuban government announced
in a statement Friday.

> TERRY SEES RED AS SPURS STUN CHELSEA
Tottenham blew the English Premier League title race wide open
again with a 2-1 victory over 10-man leaders Chelsea that gave
Manchester United hope after the champions' vital derby win
earlier on Saturday.

BUSINESS
~~~~~~~~~~~
> AMERICAN OWNERS TO SELL LIVERPOOL
George Gillett Jr and Tom Hicks, the American billionaire owners
of English Premier League side Liverpool, have announced their
intention to sell the club in a statement on the team's official
Web site.

> BRIC LEADERS: IMF HAS 'LEGITIMACY DEFICITS'
The leaders of Brazil, Russia, India and China called for the
hastening of reform that would give these emerging economies
more power in the International Monetary Fund and the World
Bank.

> CHINA MINERAL DOMINANCE CONCERNS U.S.
China's dominant position in the production of rare earth
minerals has long-reaching implications for the U.S. Department
of Defense, according to a recent government report.

Friday, April 16, 2010

Markets, Friday, 04/16/2010

Date: Fri, 16 Apr 2010 20:41:32 -0400

|---------------------------------------------------------------------------|
|Dow : 11,018.66 down 125.91 | S & P : 1,192.13 down 19.54 |
|NASDAQ: 2,481.26 down 34.43 | Bond (10Y): 3.77% down 0.078
|---------------------------------------------------------------------------|

MARKETS:
Dow tumbles 126, but clings to 11,000
News that the SEC has charged the bank with fraud drags on financial
shares and gives investors a reason to retreat after the most recent
leg of the rally.

International Headlines

Date: Fri, 16 Apr 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 17 April, 2010

> ASH CLOUD AIR TRAVEL CHAOS SET TO CONTINUE INTO WEEKEND
• 16,000 flights canceled Friday across Europe • Cloud
expected to drift further south, east overnight • British
Airways to fly from North America to Scotland • Polish
president's funeral to go ahead on Sunday

> CHINA QUAKE DEATH TOLL TOPS 1,100
The death toll in the China earthquake now stands at 1,114,
relief officials said on Friday as rescuers continued to race
against the clock to pull survivors from the rubble.

> KIDNAPPED AID WORKERS RELEASED IN CONGO
Eight staff members of the International Committee of the Red
Cross who were kidnapped April 9 in the Democratic Republic of
the Congo were released Friday, the Red Cross said.

> CIA TAPE DESTRUCTION SPARKED CONCERNS
The destruction of nearly 100 videotapes showing the harsh
interrogation of two al Qaeda detainees in 2005 triggered
concerns within the CIA over whether it was adequately cleared,
according to newly released documents.

> THAI MILITARY TAKES CONTROL OF SECURITY
Three anti-government protest leaders evaded Thai security
authorities after forces surrounded a Bangkok hotel Friday.

> SOUTH KOREA: EXTERNAL EXPLOSION SANK SHIP
A South Korean investigator said Friday that an "external
explosion" was the most likely cause of the mysterious sinking
of a naval ship in which 46 South Korean sailors were lost in
tense waters off the North Korean coast.

> ARKANSAS MAN JAILED FOR OBAMA DEATH PLOT
An Arkansas man was sentenced to 10 years in prison Thursday for
plotting to kill dozens of blacks, including then-Sen. Barack
Obama, federal authorities said.

> U.N.: PAKISTAN FAILED TO PROTECT BHUTTO
Pakistani authorities failed to provide adequate security for
former Prime Minister Benazir Bhutto before her 2007
assassination, a U.N. commission concludes.


BUSINESS
~~~~~~~~~~~

> AMERICAN OWNERS TO SELL LIVERPOOL
George Gillett Jr and Tom Hicks, the American billionaire owners
of English Premier League side Liverpool, have announced their
intention to sell the club in a statement on the team's official
Web site.

> BRIC LEADERS: IMF HAS 'LEGITIMACY DEFICITS'
The leaders of Brazil, Russia, India and China called for the
hastening of reform that would give these emerging economies
more power in the International Monetary Fund and the World
Bank.

> CHINA MINERAL DOMINANCE CONCERNS U.S.
China's dominant position in the production of rare earth
minerals has long-reaching implications for the U.S. Department
of Defense, according to a recent government report.

Dow holds above 11,000 despite 124-point loss after SEC charges Goldman Sachs with fraud.

Date: Fri, 16 Apr 2010 16:44:21 -0400

Dow holds above 11,000 despite 124-point loss after SEC charges
Goldman Sachs with fraud.

Goldman charged with fraud over Paulson CDO trade

Date: Fri, 16 Apr 2010 12:01:06 -0400

GOLDMAN CHARGED WITH FRAUD OVER PAULSON CDO TRADE
The Securities and Exchange Commission on Friday charged Goldman Sachs
& Co. and one of its vice presidents for defrauding investors by
misstating and omitting key facts about a financial product related to
subprime mortgages.

GOLDMAN SHARES DROP 10% ON SEC CHARGES; BANKS FALL
Shares of Goldman Sachs and banks fall after the SEC announces fraud
charges against Goldman.

B. OF A. PROFIT FALLS, BEATS ESTIMATES
Bank of America Corp. reports a fall in its first-quarter profit
Friday, in part due to lower mortgage-banking activity.

U.S. STOCKS DIVE AFTER GOLDMAN CHARGED WITH FRAUD
U.S. stocks tumble Friday after the Securities and Exchange Commission
charged Goldman Sachs with civil fraud for misleading investors about
a financial product tied to subprime mortgages.

Breaking News: SEC charges Goldman Sachs with securities fraud

Date: Fri, 16 Apr 2010 09:02:16 -0600

WASHINGTON (AP) - The federal government is accusing Wall Street
powerhouse Goldman Sachs & Co. of defrauding investors in its
disclosures about securities it sold that were tied to subprime
mortgages as the housing market was faltering. The Securities and
Exchange Commission announced Friday civil fraud charges against
Goldman Sachs and one of its vice presidents. The agency alleges that
the company marketed complex subprime mortgage securities and failed
to disclose to investors that a major hedge fund had bet against the
securities.

Dow sinks 100 points after SEC charges Goldman Sachs with fraud related to marketing of mortgage-backed securities.

Date: Fri, 16 Apr 2010 11:25:09 -0400

Dow sinks 100 points after SEC charges Goldman Sachs with fraud
related to marketing of mortgage-backed securities.

Stocks open lower amid strong corporate results, as investors take a step back from recent rally.

Date: Fri, 16 Apr 2010 11:24:34 -0400

Stocks open lower amid strong corporate results, as investors take a
step back from recent rally.

Thursday, April 15, 2010

International Headlines

Date: Thu, Apr 15, 2010 at 8:02 PM
TOP STORIES as of 0800 HKT -- 16 April, 2010


U.N.: BHUTTO'S ASSASSINATION WAS PREVENTABLE
Pakistani authorities failed to provide adequate security for
former Prime Minister Benazir Bhutto before her 2007
assassination, a U.N. commission concludes.

SURVIVORS FLEE FROM CHINA QUAKE ZONE
Rescuers prepare to airlift hundreds of wounded people from the
quake zone to hospitals, while others scour the rubble for
survivors.

KYRGYZ PRESIDENT QUITS, LEAVES COUNTRY
Ousted Kyrgyz president Kurmanbek Bakiev escaped unhurt Thursday
when his supporters clashed with opponents -- and his bodyguards
shot in the air to disperse the crowd.

SOUTH KOREA RAISES SUNKEN NAVAL SHIP
South Korea raised a naval ship from the floor of the Yellow Sea
that sank under mysterious circumstances last month, Korea's
Yonhap news agency reported Thursday.

OBAMA OUTLINES PLAN FOR SPACE PROGRAM
President Obama travels to the Kennedy Space Center in Florida
to try to sell his vision for the space program and assuage
workers' concerns about his plan.

GREECE TAKES KEY STEP TOWARDS RESCUE
Greece capitulated to market pressure on Thursday and took an
important step towards a bail-out from its eurozone partners and
the International Monetary Fund as it formally sought
"consultations" over a €30bn-plus ($40bn, £26bn) loan package
to stave off default.

LARRY KING SEEKS 8TH DIVORCE
CNN talk show host Larry King and his wife, Shawn King, each
filed for divorce Wednesday in Los Angeles Superior Court.


ALLEGED TIGER WOODS MISTRESS ARRESTED
The cocktail waitress whose voicemail from Tiger Woods helped
unravel the golfer's sex scandal last fall was arrested in West
Hollywood, California, Wednesday night on several
driving-related warrants.

BUSINESS
~~~~~~~~~~~

TOYOTA TESTING ALL SUVS FOR ROLLOVER RISK
Toyota announced Thursday it was testing all its SUVs after it
suspended worldwide sales of the Lexus GX 460 because of a
reported risk of rollover.

MAZDA RECALLS 90,000 VEHICLES
Mazda recalled nearly 90,000 vehicles in Japan and China because
of a problem with the transmission, a company spokesman said
Thursday.

CHINA'S ECONOMY GROWS NEARLY 12%
China's economy revved into high gear during the first quarter
of 2010, growing 11.9 percent over a year ago, a spokesman for
the National Statistics Bureau said Thursday.

Google posted first quarter earnings per share of $6.76 on sales of $5 billion, soundly beating analyst forecasts.

Date: Thu, 15 Apr 2010 16:11:07 -0400

Google posted first quarter earnings per share of $6.76 on sales of $5
billion, soundly beating analyst forecasts.

Stocks hold on to gains through a volatile trading session as investors await Google earnings. Dow closes up 22 points.

Date: Thu, 15 Apr 2010 16:10:21 -0400

Stocks hold on to gains through a volatile trading session as
investors await Google earnings. Dow closes up 22 points.

U.S. stocks shed losses in continuing climb

Date: Thu, 15 Apr 2010 12:01:07 -0400

U.S. STOCKS SHED LOSSES IN CONTINUING CLIMB
U.S. stocks tilt slightly upward as investors sort through multiple
economic reports and an optimistic forecast from global shipper United
Parcel Service Inc.

VOLCANIC-ASH CLOUD DISRUPTS EUROPE AIR TRAFFIC
Several airports were shut and hundreds of flights canceled across
Northern Europe on Thursday as concern as ash clouds resulting from a
volcanic eruption in Iceland drifted across the region and forced
air-traffic controllers to close airspace to commercial aircraft.
HOW TO FIND CHEAP FLIGHTS AS SUMMER AIRFARES RISE
Rock-bottom airfares will be limited this summer, but that doesn't
mean they won't be out there. You just have to look harder, be on
constant alert and be ready to pounce.

AIRLINES SEEK ALLIES TO TAP INTO GLOBAL RECOVERY
With a recovery in global air traffic underway, the big U.S. airlines
are reaching out to low-cost carriers and partners overseas to stitch
together alliances and routes covering a wider range of destinations
at lesser cost.

Initial claims for unemployment surge for 2nd straight week, Labor Department says, surprising economists. Stock futures decline.

Date: Thu, 15 Apr 2010 09:37:13 -0400

Initial claims for unemployment surge for 2nd straight week, Labor
Department says, surprising economists. Stock futures decline.

Stocks drift lower at the start of trading after a 2nd straight surge in weekly jobless claims. Dow eases 25 points.

Date: Thu, 15 Apr 2010 09:37:38 -0400

Stocks drift lower at the start of trading after a 2nd straight surge
in weekly jobless claims. Dow eases 25 points.

Wednesday, April 14, 2010

International Headlines

Date: Wed, 14 Apr 2010 20:02:07 -0400
>TOP STORIES as of 0800 HKT -- 15 April, 2010

> CHINA QUAKE KILLS ALMOST 600, INJURES THOUSANDS
The death toll from a series of earthquakes in China's Qinghai
province has reached 589, state-run media said as rescue workers
hunt for survivors.

> POLAND EYES JUNE VOTE FOR PRESIDENT
Poland was Wednesday eyeing a June election to choose a
successor to President Lech Kaczynski, whose death in an air
crash is generating unprecedented scenes of public grief.

> GAY OUTRAGE OVER VATICAN ABUSE CLAIM
Gay rights groups have expressed outrage over comments made by a
senior Vatican official linking homosexuality to child abuse.

> 800 FLEE AS ICELAND VOLCANO ERUPTS
Icelandic authorities evacuated about 800 people early Wednesday
because of a possible volcano eruption near the Eyjafjallajokull
glacier, an emergency spokesman said.

> JORDAN PROTESTS WEST BANK EXPULSIONS
Jordan has called in Israel's ambassador for an official protest
over a controversial decision to expel Palestinians that Israel
says are living illegally in the West Bank, the Jordanian state
news agency reported Wednesday.

> EX-COSTA RICA LEADER IN BRIBERY TRIAL
A trial started Wednesday for a former Costan Rican president
and eight others accused of taking bribes to award a $150
million government mobile phone contract.

> SWAMP RESCUER: GOD LED ME TO LOST GIRL
The man who rescued an 11-year-old girl lost in a dense Florida
swamp said Wednesday that God led him directly to her, and that
finding her was no surprise.


BUSINESS
~~~~~~~~~~~

> APPLE DELAYS IPAD'S INTERNATIONAL RELEASE
Apple is postponing the international release of its new iPad
because of stronger-than-expected demand for the device in the
U.S., the company said Wednesday.

> CAN COAL CLEAN UP ITS ACT?
It is one of the most abundant natural resources, providing
around a quarter of the world's total energy and powering over
40 percent of our electricity supplies.

Stocks soar; major indexes at highest levels since 2008. Dow climbs 103 points, S&P tops 1,200, and Nasdaq surpasses 2,500.

Date: Wed, 14 Apr 2010 16:53:29 -0400

Stocks soar; major indexes at highest levels since 2008. Dow climbs
103 points, S&P tops 1,200, and Nasdaq surpasses 2,500.

Bernanke paints picture of moderate recovery

Date: Wed, 14 Apr 2010 12:01:04 -0400

BERNAKE PAINTS PICTURE OF MODERATE RECOVERY
The economy will continue to recover at a moderate pace in coming
quarters, bolstered by a return of business and consumer spending, Fed
Chairman Ben Bernanke tells lawmakers.

APPLE DELAYS INTERNATIONAL LAUNCH OF IPAD
Apple Inc. said Wednesday that it will delay the international launch
of its iPad, citing strong U.S. demand that has outstripped supply of
the newly launched tablet device.

INTEL SHARES RISE ON CHIP GIANT'S RESULTS
Intel shares rally in morning activity after the technology giant
reports a big jump in first-quarter earnings on robust sales of
personal computer and server chips.

INTEL CLEARS A HIGH BAR WITH RESULTS, FORECAST
Chip giant Intel Corp. met a high bar of expectations for the first
quarter, and then some.

YOU CALL THIS A RECOVERY?
The U.S. economy appears to be strengthening following the worst
downturn in generations, but the recovery isn't setting anyone's heart
on fire.

Bernanke sees moderate economic growth in coming quarters, but says 'significant amount of time' is required to recover lost jobs.

Date: Wed, 14 Apr 2010 10:19:46 -0400


Bernanke sees moderate economic growth in coming quarters, but says
'significant amount of time' is required to recover lost jobs.

Breaking News

Date: Wed, 14 Apr 2010 01:42:07 -0400

About 300 dead, 8,000 injured in China quake, Xinhua news agency reports

Stocks rally at the open on strong earnings from JPMorgan and Intel. Dow jumps 29 points in 1st minute of trading.

Date: Wed, 14 Apr 2010 10:06:32 -0400

Stocks rally at the open on strong earnings from JPMorgan and Intel.
Dow jumps 29 points in 1st minute of trading.

Retail sales in March were stronger than forecast; a separate government report shows consumer prices in line with expectations.

Date: Wed, 14 Apr 2010 09:51:20 -0400

Retail sales in March were stronger than forecast; a separate
government report shows consumer prices in line with expectations.

Tuesday, April 13, 2010

Energy: China hiking retail gasoline prices

Date: 14 APR 2010 01:30:46 GMT

China is raising gasoline and diesel prices by 4% to 5% starting
Wednesday, pushing domestic gas prices to new highs in the first such
increase since November.

International Headlines

Date: Tue, Apr 13, 2010 at 8:02 PM
>TOP STORIES as of 0800 HKT -- 14 April, 2010

> OBAMA: 'REAL PROGRESS' MADE AT NUCLEAR SUMMIT
U.S. President Barack Obama says a summit has reached agreement
on the threat posed by unsecured nuclear materials, and on steps
to keep them away from terrorists.

> SOURCES: KYRGYZ LEADER WILLING TO RESIGN
Ousted Kyrgyz president Kurmanbek Bakiev is willing to resign if
he and his relatives are allowed safe passage out of the
country, sources says.

> ISRAEL WARNS CITIZENS OF KIDNAP THREAT
An Israeli counter-terrorism unit is warning Israeli citizens in
Egypt's Sinai peninsula to return home because they face the
risk of militant attacks.

> MOURNERS GRIEVE POLAND'S FIRST LADY
Mourners file past the bodies of the late Polish president and
first lady at the presidential palace, three days after the
couple was killed in a plane crash in Russia.

> U.S. AUTHORITIES PROBE BEATING VIDEO
A police officer has been suspended and prosecutors are
investigating an incident caught on video in which officers beat
a University of Maryland student.

> PIRATE SUSPECTS TO FACE CHARGES IN U.S.
Five suspected Somali pirates accused of attacking a U.S. Navy
ship could be sent to the United States to face criminal
proceedings, according to U.S. military officials.

> SOMALI RADIO AIRS ANIMALS IN PROTEST
Roars, growls and galloping hooves replaced music Tuesday on
some of Mogadishu's radio stations in a protest of a ban on
music imposed by Islamic extremists.

> PRIEST CALLS FOR POPE'S RESIGNATION
The phones are ringing off the hook at the parish of St.
Michael's Church, where the Rev. James Scahill called in a
sermon last weekend for the pope to resign over the church's
sexual abuse scandal.

BUSINESS
~~~~~~~~~~~

> 'CLEVER LITTLE BAG' SENDS SHOEBOX PACKING
German sportswear company Puma has unveiled its environmentally
sustainable answer to the traditional shoebox, a bag that aims
to halve manufacturing waste.

> INDIA TAKES BIDS FOR GIANT INTERNET LEAP
In the good old days, Indians would wait for years for a
telephone line to be installed in their homes and workplaces.

> TWITTER TO START CARRYING ADS
Millions of Twitter users will see the first paid advertisements
appear on the site from Tuesday as the Californian company
begins to commercialize its service.

Dow closes at highest level since Sept. 2008 as consumer stocks lead the advance. Nasdaq gains 0.3%, S&P edges up.

Date: Tue, 13 Apr 2010 16:37:18 -0400

Dow closes at highest level since Sept. 2008 as consumer stocks lead
the advance. Nasdaq gains 0.3%, S&P edges up.

U.S. stocks lower as Alcoa disappoints

Date: Tue, 13 Apr 2010 12:01:05 -0400

U.S. STOCKS LOWER AS ALCOA DISAPPOINTS
U.S. stocks retreat after aluminum giant Alcoa Inc.'s earnings came in
short of expectations.

TECH STOCKS SEEK OUT SOME MOMENTUM
Technology stocks try to shake off their losses in early trading as
the sector show some signs of life in advance of the quarterly
earnings results due from Intel Corp. after the market close.

TWITTER GROWS UP -- OR TRIES TO, ANYWAY
Twitter, now four and precocious, is trying to prove that it merits a
seat at the adult table.

SMALL BUSINESSES DON'T SEE RECOVERY: NFIB SURVEY
Small-business owners turn more pessimistic in March than in February,
with sales, hiring and capital spending weak.

Stocks sputter at Tuesday's open on concerns about earnings and the European debt crisis. Dow slips 5 points.

Date: Tue, 13 Apr 2010 09:41:05 -0400

Stocks sputter at Tuesday's open on concerns about earnings and the
European debt crisis. Dow slips 5 points.

Monday, April 12, 2010

International Headlines

Date: Mon, 12 Apr 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 13 April, 2010

> UKRAINE ANNOUNCES IT WILL REMOVE URANIUM STOCKPILE
Ukraine has announced that it will get rid of all its nuclear
weapons-grade enriched uranium as a 47-nation summit on nuclear
security kicks off in Washington.

> TALIBAN THREATENS TO KILL JOURNALISTS
Taliban militants in Afghanistan are threatening to kill two
kidnapped French journalists unless their demands are met,
including the release of some detainees held by France.

> POLISH PRESIDENT TO BE BURIED SATURDAY
Polish President Lech Kaczynski will be buried alongside his
wife on Saturday following the couple's death in a weekend plane
crash, Polish state television reports.

> SUDAN EXTENDS VOTING BY TWO DAYS
Voting in Sudan's first multiparty elections in 24 years has
been extended by two days, a United Nations official said
Monday.

> THAI HOLIDAY CANCELED AMID PROTESTS
Bangkok's local government cancels major Thai holiday
festivities that were to begin Monday amid anti-government
protests that have left 21 people dead.

> SHOOTOUTS IN MEXICO KILL AT LEAST 9
At least nine people died in shootouts over the weekend in
northeastern Mexico, an area where two drug cartels have been
waging a bloody war since January.

> STUDY: ANTI-SEMITISM RISES SHARPLY
The number of anti-Semitic incidents around the world more than
doubled from 2008 to 2009, according to a Tel Aviv University
study.

> VATICAN REVISES SEX ABUSE PROCEDURES
The Vatican is overhauling its rules on how it handles
accusations of sexual abuse by priests, it said Monday, without
giving any details.


BUSINESS
~~~~~~~~~~~
> EUROZONE MAKES $40B GREEK PROMISE
Eurozone members have made a commitment to providing up to
€30bn in loans to Greece over the next year to help stave off
a debt crisis that has roiled financial markets and posed the
most serious challenge to the euro in its history.

> CHINA POSTS 1ST TRADE DEFICIT IN 6 YEARS
China records a $7.24 billion trade deficit in March, the
country's first monthly deficit since April 2004, while it still
posted a trade surplus in the first quarter.

> APPLE BATTLES GOOGLE FOR MOBILE ADS
Apple launched a war with Google over mobile advertising
revenues on Thursday as it announced its own iAd network for the
iPhone.

Breaking News: Dow closes above 11,000

Date: Mon, Apr 12, 2010 at 4:29 PM

NEW YORK (AP) The Dow Jones industrial average has closed above 11,000 for the first time in a year and a half. In preliminary results, the Dow was up 9 to close at 11,006. It is the Dow's first close above 11,000 since Sept. 26, 2008. It briefly topped 11,000 during trading Friday but faded by the close. The Standard & Poor's 500 index was up 2 at 1,196. The Nasdaq composite index gained 4 to 2,458.



Dow ends at 11,000 for the first time since September 2008 after an EU pledge to aid debt-troubled Greece. Nasdaq and S&P gain 0.2%.

Date: Mon, Apr 12, 2010 at 4:27 PM


Dow ends at 11,000 for the first time since September 2008 after an EU
pledge to aid debt-troubled Greece. Nasdaq and S&P gain 0.2%.

U.S. stock market tentatively up before Alcoa

Date: Mon, 12 Apr 2010 12:01:02 -0400

U.S. STOCK MARKET TENTATIVELY UP BEFORE ALCOA
The Dow Jones Industrial Average opens above 11,000 for the first time
since September 2008 amid optimism over the upcoming earnings season
and confidence in the global economy.

PALM JUMPS ON MORE BUYOUT TALK
Shares of Palm Inc. rallied on Monday on reports that the hard-hit
tech firm has hired investment bankers to get bids for the company as
early as this week.

PALM FUELED BY RUMORS, BUT PRICE WOULD BE HIGH
Palm Inc. has seen its shares get a serious bounce this week as
takeover rumors have sparked trading in a stock that had slumped to
its lowest level in more than a year.

RRI ENERGY, MIRANT RALLY ON $3 BILLION MERGER
Shares of Mirant and RRI Energy surged to double-digit percentage
gains, rallying as the companies agree to a stock-swap merger that
would create a combined entity with electricity-generating assets
nationwide.

EUROPE STOCKS EDGE BACK; GREEK LENDERS RALLY
Stocks in Europe edge slightly lower Monday, as more details of a
potential backstop for Greece helps banks rise, while the media and
metals sector loses ground.

Breaking News

Date: Mon, 12 Apr 2010 05:08:05 -0400

At least 7 people dead, 25 injured, as landslide derails train in
northern Italy, fire officials say.

Influential economists' group says it is 'premature' to determine that the recession that began in December 2007 has ended.

Date: Mon, 12 Apr 2010 10:34:42 -0400

Influential economists' group says it is 'premature' to determine that
the recession that began in December 2007 has ended.

Stocks open little changed as investors consider possible EU aid for Greece. Dow straddles the 11,000 mark in first minute.

Date: Mon, 12 Apr 2010 10:34:03 -0400

Stocks open little changed as investors consider possible EU aid for
Greece. Dow straddles the 11,000 mark in first minute.

Sunday, April 11, 2010

International Headlines

Date: Sun, 11 Apr 2010 20:02:07 -0400
>TOP STORIES as of 0800 HKT -- 12 April, 2010

> POLAND MOURNS AS PRESIDENT'S BODY ARRIVES HOME
The body of Polish President Lech Kaczynski has been returned to
Warsaw as Poles continue to mourn his death, along with 95
others, in a plane crash in Russia.

> 6.2 MAGNITUDE QUAKE STRIKES SPAIN
A strong earthquake struck near the Spanish city of Granada
early Monday, but at a depth that made damage to the medieval
Moorish capital unlikely, the U.S. Geological Survey reported.

> OBAMA SET TO HOST NUCLEAR SUMMIT
President Obama hosts leaders from 46 countries for a two-day
nuclear security summit starting Monday that will focus on how
to better safeguard weapons materials, both old and new, to keep
them out of the hands of terrorists.

> CONFUSION AT POLLS IN SUDANESE VOTE
Sudanese voters headed to the polls Sunday in the nation's first
multiparty election in 24 years.

> HUNGARIANS VOTE IN NATIONAL ELECTIONS
Hungarians went to the polls Sunday in a national election that
could see the ruling Socialists ousted from power.

> DEATHS FROM BANGKOK PROTESTS REACH 21
The death toll from the weekend's clashes between
anti-government protesters and Thai security forces climbed to
21 on Sunday, authorities said.

> 3 ITALIAN WORKERS HELD OVER AFGHAN PLOT
Afghan authorities have arrested three Italian medical workers
in a plot to assassinate the governor of the southern Helmand
province.

> FUNERALS HELD FOR KYRGYZ PROTESTERS
Sagunbayec Aitbek was laid to rest Saturday, his body draped in
a red-and-yellow Kyrgyz flag.

BUSINESS
~~~~~~~~~~~


> CHINA POSTS 1ST TRADE DEFICIT IN 6 YEARS
China records a $7.24 billion trade deficit in March, the
country's first monthly deficit since April 2004, while it still
posted a trade surplus in the first quarter.

> APPLE BATTLES GOOGLE FOR MOBILE ADS
Apple launched a war with Google over mobile advertising
revenues on Thursday as it announced its own iAd network for the
iPhone.

> GEITHNER VISIT BOLSTERS CURRENCY TALK
A surprise meeting between the Chinese vice-premier and the US
Treasury secretary ended on Thursday with no immediate change in
policy but more speculation about a shift in China's pegged
currency regime.